Word: shells
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Dates: during 2000-2009
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...effort." Some of Europe's biggest foundations are also the newest. They include a €820 million foundation set up by Klaus Tschira, a co-founder of the German software firm SAP, which funds science competitions and antismoking campaigns, and a $250 million foundation set up in 2000 by Shell, the Anglo-Dutch oil giant. In Germany some newer foundations are following the example of Reinhard Mohn, who built Germany's Bertelsmann into a media powerhouse after World War II and in 1993 transferred the company's ownership to a foundation that now has about €735 million in assets...
...booby-trapped artillery shell detonated shortly before midnight. In the roar and smoke, bodies ripped apart. Suddenly the nine-man foot patrol from Task Force 1/9, composed of infantrymen and cavalry troopers, was down to five, alone, in a darkened Baghdad alley and cut off from help. One soldier was dead. Three others lay bleeding but still alive as fire from AK-47s rained down on the scrambling troopers. Company commander Captain Thomas Foley hollered orders above the din, desperately trying to stave off the attack while getting some kind of aid to his wounded men. One had lost...
...Time to Buy Shell? Eight months after disclosing that it had massively overstated its proven oil reserves, Royal Dutch/Shell continues to be roiled by a barrage of bad news. Britain's Financial Services Authority and the U.S. Securities and Exchange Commission are still investigating the company, even after announcements last week that they are fining Shell a combined $150 million for "unprecedented misconduct," in the words of the FSA. And Nigeria's Senate passed a resolution calling on the company to pay $1.5 billion for environmental and health hazards it allegedly caused in the Niger Delta. But with Shell stock...
...upgrading his recommendation. Shell's stock isn't the bargain it was last winter after the reserves scandal broke, when it traded at around $6.30. Keeping it buoyant: plans for a big revamp of Shell's corporate structure and continuing rumors - dismissed by both sides - that France's Total might try to acquire the company. Losing Ground Control Ah, summertime, when the livin' is easy and Europe's airlines enjoy a holiday boom - right? Not exactly. Alitalia CEO Giancarlo Cimoli last week warned that the state-owned carrier faced collapse within 20 days unless unions agree to cost cuts...
COVER: Photograph for TIME by Diana Walker. INSET: Photograph for TIME by Callie Shell--Aurora...